U3A7 Instructions

1. Record the journal entries. HST = 13%

2. Do an equality check to ensure that debits equal credits in the journal.
3. Set up the ledger using the Chart of Accounts.
4. Record the opening balances from the Trial Balance in the ledger.
5. Post the journal entries to the ledger and use formulas to create running balances.
6. Do an equality check to ensure that the debits equal credits in the ledger.

General Journal Page: 33

Date
Particulars P.R. Debit Credit
2015

Oct 4

10

15

21

25

These are pencil

footings - just a check to ensure
that debits equal credits.
 These are pencil
footings - just a check to ensure
that debits equal credits.
- -
 General Journal Page: 34

Date
Particulars P.R. Debit Credit
2015
Oct 30

30

- -
 Fitzgerald Tattoo Artist

General Ledger

October 2015

101 Bank
Date Particulars P.R. Debit Credit Balance
2015 balance forward 2,900.00
Oct

Date Particulars P.R. Debit Credit Balance

2015 b/f

Date Particulars P.R. Debit Credit Balance

2015 b/f
Date Particulars P.R.

Debit Credit Balance

2015 b/f
Date Particulars P.R. Debit Credit Balance
2015 b/f
250 HST Payable
Date Particulars P.R. Debit Credit Balance
2015 b/f September 30
255 HST Recoverable
Date Particulars P.R. Debit Credit Balance
2015 b/f September 30
Date Particulars P.R. Debit Credit Balance
2015 b/f
Date Particulars P.R. Debit Credit Balance
2015
Date Particulars P.R. Debit Credit Balance
2015
Date Particulars P.R. Debit Credit Balance
2015
Date Particulars P.R. Debit Credit Balance
2015
- - -
Chart of Accounts Fitzgerald, Tattoo Artist
No. Account Trial Balance
101 Bank As at September 30, 2015
110 AR – P. Brown No. Account Debit Credit
115 Supplies 101 Bank 2900
120 Equipment 110 AR – P. Brown 370
205 A/P – Gravel Co. 115 Supplies 1420
250 HST Payable 120 Equipment 9075
255 HST Recoverable 205 A/P – Gravel Co. 2030
305 C. Fitzgerald, Capital 250 HST Payable 245
310 C. Fitzgerald, 255 HST Recoverable 43
405 Drawings
Tattoo Revenue 305 C. Fitzgerald, Capital 11533
505 Auto Expense 310 C. Fitzgerald, Drawings
510 Wages Totals 13808 13808